Author: PR Newswire Online News

Neuron EV Paves the Way for An Electric Future

IRVINE, Calif., Sept. 19, 2019 /PRNewswire/ — The transportation industry is currently at a crossroads, as consumers begin to transition to electric vehicles. The industry today is worth $10 trillion dollars, and the electric vehicle market is projected to reach 27 million units by 2030, growing vastly from an estimated 3 million units in 2019. The… Continue reading Neuron EV Paves the Way for An Electric Future

Neuron EV Announces Exclusive Preview Of Product Line

IRVINE, Calif., Sept. 19, 2019 /PRNewswire/ — Neuron EV has announced it will showcase their products at an upcoming international event in November where VIPs will have an exclusive preview into the Neuron EV product line. They’re also planning a spread of exhibitions for the public. The transportation industry is currently at a crossroads, as consumers begin… Continue reading Neuron EV Announces Exclusive Preview Of Product Line

Navistar To Build Industry Benchmark Manufacturing Facility In San Antonio, Texas

LISLE, Ill., Sept. 19, 2019 /PRNewswire/ — Navistar, a leading maker of commercial trucks and buses, announced it will be making a capital investment of more than $250 million to build a new manufacturing facility in the state of Texas. The investment, which is contingent on finalization of various incentive packages, will bring approximately 600 jobs… Continue reading Navistar To Build Industry Benchmark Manufacturing Facility In San Antonio, Texas

Wunder Mobility Announces U.S. Launch to Innovate, Build and Scale Mobility Services for Companies, Municipalities and Fleet Operators

LOS ANGELES, Sept. 19, 2019 /PRNewswire/ — Wunder Mobility, the fastest-growing mobility technology company in Europe, today announced its official U.S. headquarters based in Los Angeles. The company also announced it has completed $60 million in Series B financing from existing investors, including Blumberg Capital and KCK. The expansion and new capital will enhance Wunder Mobility’s capabilities… Continue reading Wunder Mobility Announces U.S. Launch to Innovate, Build and Scale Mobility Services for Companies, Municipalities and Fleet Operators

AAM Announces Sale Of U.S. Iron Casting Operations To Funds Managed By Gamut Capital Management

DETROIT, Sept. 18, 2019 /PRNewswire/ — American Axle & Manufacturing Holdings, Inc. (AAM), (NYSE: AXL) announced today that it has entered into a definitive agreement to sell its U.S. iron casting operations (“Grede”) to funds managed by Gamut Capital Management (“Gamut”) for an aggregate purchase price of $245 million, subject to certain customary adjustments. Across 10… Continue reading AAM Announces Sale Of U.S. Iron Casting Operations To Funds Managed By Gamut Capital Management

Toyota Injects $391 Million New Investment in Its San Antonio Assembly Plant

As part of Toyota’s commitment to help San Antonio’s workforce and education, Alamo Promise will receive a $500,000 donation from Toyota Texas over a five-year period. Alamo Promise’s mission is to end poverty, enhance economic and social mobility and meet workforce demands throughout the city. Separately, Aisin AW, a supplier to Toyota Texas and other… Continue reading Toyota Injects $391 Million New Investment in Its San Antonio Assembly Plant

Start-Up Launches New Ride-Hail Platform That Guarantees the Lowest Rate Possible For Every Ride

NEW YORK, Sept. 17, 2019 /PRNewswire/ — Ride-hail technology innovator Bid2Ride today launched the world’s first hybrid app that combines a bid-based pricing model with a rate aggregation platform, serviced by its own fleet of licensed drivers. By integrating these two features into one app, Bid2Ride guarantees customers the lowest rate for every ride by… Continue reading Start-Up Launches New Ride-Hail Platform That Guarantees the Lowest Rate Possible For Every Ride

Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions

SANTA MONICA, Calif., Sept. 17, 2019 /PRNewswire/ — In a transaction designed to sharply scale its rapidly growing Uber partnership, vehicle subscription app Fair today announced a $500 million revolving credit facility led by Mizuho Bank that will allow drivers nationwide to access a rideshare-ready Fair car, regardless of credit. SoftBank Group Corp. (“SBG”) is among… Continue reading Fair Closes $500 Million to Unlock Rideshare Supply and Scale Subscriptions